Universities / University of Toronto (Rotman)
Master of Financial Risk Management (MFRM)
Applied risk-management master's with a nine-week Risk Management Project for an industry sponsor and a year-long self-development lab on communication and teamwork. Courses cover derivative models, credit, operational and financial risk.
What you’ll study
Core
- Derivative Models for Risk Management
- Topics in Financial Risk
- Operational Risk
- Innovations in Financial Technology
- Credit Risk
- Risk Management Project
- Probabilistic Modelling for Risk-Informed Decisions
- Macroeconomics for Financial Risk Management Professionals
- Financial Markets, Risk, and Institutions
- Advanced Investments
- Self-Development Lab
Source: rotman.utoronto.ca ↗
Before you apply
- Background
- Four-year degree in a relevant field with mid-B (3.0) average in final-year courses
- Maths
- Minimum B in each of statistics, calculus, linear algebra, econometrics
- Programming
- Four-week Python for Business course completed before start
- Tests
- GMAT/GRE not required, optional
- English
- IELTS Academic 7.0 overall, 6.5 each band (CAEL 70/60 also accepted)
- Other
- Minimum B in Foundations of Finance, Financial Accounting, Financial Derivatives, Investments; essay and video questions; interview by invitation; aimed at recent graduates or 1-2 years experience
Source: rotman.utoronto.ca ↗
After graduation
- Employment
- 97% employed within 6 months of graduation, Class of 2025
- Salary
- Average starting salary with bonuses CA$86,943, Class of 2025 (average, not median)
- Typical first roles
- Compliance, Financial risk, Investment risk, Credit risk, Operational risk
- Employers
- RBC, KPMG Canada, Deloitte, CMHC, OneVest
Source: rotman.utoronto.ca ↗
Want to see what employers ask for? Browse open quant roles.
Round deadlines for Sept 2027 start: 14 Oct 2026, 20 Jan 2027, 24 Mar 2027. Course list is not labelled core vs elective on source page. Forums not searched (budget).
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.